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Reliant Resources Plans
To Take $1 Billion Charge

HOUSTON -- Reliant Resources Inc. plans to book a goodwill writedown of about $1 billion in the third quarter related to the company's wholesale-energy business.

The energy company, which affirmed its full-year forecast for adjusted profits from continuing operations, said in a news release Friday that the noncash charge won't cause the company or any of its units to run afoul of debt agreements.